The Indian stock markets witnessed an action-packed session today, with multiple company-specific updates, policy developments, and institutional activities driving investor sentiment. From strong quarterly earnings to strategic exits, and from defence sector orders to government fuel duty hikes, here’s a detailed breakdown of today’s most important developments.

Nuvama Wealth Management: Exit Move by PAG

The promoter group PAG is preparing to exit its 54.9% stake in Nuvama Wealth Management, valued at approximately Rs 10,579 crore. To facilitate the transaction, PAG has hired JP Morgan and Morgan Stanley, signaling a serious intention to unlock value and attract new long-term investors. This move could significantly impact the wealth management and financial services landscape in India.

KPI Green Energy: CPP Project Terminated

KPI Green Energy has terminated its 66.2 MW hybrid power project under the Captive Power Producer (CPP) segment with Sai Bandhan Infinium Pvt. Ltd. The cancellation follows a change in technical specifications post-order. The company confirmed that this would not materially impact its financials. This shows the company’s agile project management and focus on quality compliance.

Titan: Q4FY25 Performance Impresses

Titan Company surged after it reported a robust 25% YoY revenue growth in Q4FY25. The strong numbers were driven by stellar performance in jewellery, watches & wearables, eyecare, and its digital platform CaratLane. Titan also added 72 new stores, increasing its total footprint to 3,312 outlets, reflecting its aggressive expansion strategy. This performance solidifies Titan’s position as a premium lifestyle player in India.

Bharat Electronics: Major Defence Order

Bharat Electronics Limited (BEL) secured a Rs 2,210 crore contract from the Ministry of Defence to supply Radar Warning Receivers (RWR), Missile Approach Warning Systems (MAWS), and Counter Measure Dispensing Systems (CMDS) for the Mi-17 V5 helicopters of the Indian Air Force. This deal reinforces BEL’s strategic role in India’s defence modernization.

Godrej Properties: Booking Boom

In the real estate space, Godrej Properties reported 7% YoY growth in bookings to Rs 10,163 crore in Q4FY25. The sales of 3,703 homes were supported by successful launches such as Godrej Riverine (Noida), Godrej Astra (Gurugram), and Godrej Madison Avenue (Hyderabad). These launches indicate the company’s ability to capture demand across key metros.

Sobha Ltd: Strong Sales Numbers

Sobha reported a 22.1% YoY increase in Q4 sales value to Rs 1,835.7 crore, with a 4.9% improvement in price realisation to Rs 11,781 per square foot. This performance demonstrates high consumer demand and effective pricing strategies in the real estate market.

PN Gadgil Jewellers: Retail & E-commerce Push

PN Gadgil Jewellers posted a 5.1% YoY revenue growth in Q4FY25. The retail segment grew 50%, while the e-commerce segment saw a massive 243.8% YoY jump, highlighting the success of its omnichannel strategy and growing digital penetration.

Petrol-Diesel Excise Hike: Public Impact

The Government of India increased excise duty on petrol and diesel by Rs 2 per litre, raising total duties to Rs 10/litre on diesel and Rs 13/litre on petrol. However, Oil Marketing Companies (OMCs) have agreed to absorb the hike, ensuring no direct consumer impact. That said, OMC marketing margins are expected to shrink by Rs 2 per litre.

Suven Pharma: Bullish Outlook

Goldman Sachs initiated coverage on Suven Pharma with a ‘Buy’ rating and a target of Rs 1,350, citing strong rebound potential, upcoming drug approvals, and recovery in agrochemical demand. This positive outlook could lead to significant re-rating of the stock.

Bank of Maharashtra: Impressive Growth

Bank of Maharashtra reported 13.5% YoY growth in deposits to Rs 3.1 lakh crore, and a 17.8% YoY jump in gross advances to Rs 2.4 lakh crore in Q4FY25. CASA deposits also grew by 17.8%, showcasing the bank’s robust retail franchise and increasing digital reach.

Dolly Khanna: Stake Reduction in India Metals

Prominent investor Dolly Khanna reduced her stake in India Metals & Ferro Alloys below 1%, down from 1.2% in Q3FY25. Such moves are closely watched by retail investors as they often signal a shift in market sentiment or stock outlook.

BYD Market Access Blocked

Commerce Minister Piyush Goyal stated that India will not provide market access to BYD, citing strategic and national security concerns. This decision could impact Mahindra & Mahindra’s EV ambitions, as it relies on BYD’s blade batteries for its electric vehicles.

Indo Tech Transformers: CEO Resigns

The stock of Indo Tech Transformers fell sharply after CEO Shridhar Gokhale resigned effective April 7, triggering uncertainty among stakeholders and analysts.

HUDCO & MMRDA: Massive Funding Deal

Housing and Urban Development Corporation (HUDCO) signed an MoU with MMRDA to fund infrastructure projects worth Rs 1.5 lakh crore in Mumbai over five years. This long-term funding plan is expected to accelerate urban infrastructure development.

Tata Motors: JLR Sales Improve

Tata Motors reported 1.1% YoY growth in Jaguar Land Rover (JLR) wholesales to 1.1 lakh units in Q4FY25. However, FY25 overall sales remained flat, mainly due to weaker performance in China. Key models like Range Rover, Range Rover Sport, and Defender drove quarterly growth.

Paisalo Digital: Fundraising Plan

Paisalo Digital approved a plan to raise Rs 2,700 crore via shares, bonds, or other instruments, including private placement, QIP, and more. The move is aimed at strengthening its capital base for future growth.

Keystone Realtors: Solid Q4 Performance

Keystone Realtors posted 11% growth in collections to Rs 746 crore and a 1% increase in pre-sales to Rs 854 crore in Q4FY25. Two completed RERA projects in Mumbai and three new launches with GDV of Rs 1,487 crore supported this performance.

M&M: March Sales Spike

Mahindra & Mahindra reported 19.3% YoY increase in wholesales to 79,751 units in March. Commercial vehicle sales were up 14.4%, and exports surged 2.6X, indicating rising domestic demand and strong international traction.

Arkade Developers: Borivali Redevelopment

Arkade Developers signed an agreement for cluster redevelopment in Borivali, with a projected GDV of Rs 865 crore. The redevelopment will involve 2.4 lakh sq. ft. of saleable carpet area across multiple housing societies.

Goldman Sachs: Financial Sector Calls

Goldman Sachs upgraded PNB Housing Finance and Axis Bank to ‘Buy’, while maintaining a ‘Neutral’ on State Bank of India. Axis Bank is seen benefiting from liquidity infusion, and PNB Housing is expected to show healthy loan growth and profitability.

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